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JD Sports cuts FY27 profit guidance as Q2 sales decline

JD Sports Fashion reported a tough second quarter, with group organic sales down 1.3% and like-for-like sales down 3.1% as footwear remained weak in a promotional market. North America was the softest region, while the UK and Asia Pacific improved. The retailer cut FY27 profit guidance to £700m-£800m but kept free cash flow outlook unchanged.

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The FTSE 100, also known as the Financial Times Stock Exchange 100 Index or FTSE 100 Index is a share index of the 100 companies listed on the UK London Stock Exchange with the highest market capitalisation. It is seen as a gauge of prosperity for businesses regulated by UK company law.